REI Lense

REI Lense

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$2,558 (target)

305 Stewart Rd, Spartanburg, SC 29306

3 beds • 2 baths • 1459 sqft

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This property looks like a bad Mid-Term investment with a projected -15.17% first-year return on $127k initial cash invested.

-15.17%

Cash On Cash

3.15%

Cap Rate

0.48

DSCR

$2,558

Rent

-$1,611

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,558 income − $4,169 expenses = $1,611 out of pocket

Income$2,558Out of Pocket$1,611Mortgage P&I$2,875112%Property Taxes$2339%Insurance$1928%Management$30712%CapEx$1024%Vacancy$773%Maintenance$1024%Other$28111%

Investment Breakdown

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Purchase Price

$521k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$127k

Downpayment

20%

$104k

Closing costs

1%

$5,211

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,558

Total Expenses

$4,169

Mortgage P&I

112%

$2,875

Property Taxes

9%

$233

Home Insurance

8%

$192

HOA

0%

$0

Property Management

12%

$307

CapEx

4%

$102

Vacancy

3%

$77

Maintenance

4%

$102

Other

11%

$281

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